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According to the
29-page MOU, a copy of which was obtained by Reuters, Greek
privatization proceeds, excluding bank shares, are expected to
total 6.4 billion euros between 2015 and 2017.
The MOU lists a range of measures that the Greek government must
implement in order to obtain a new three-year bailout program
that is expected to total roughly 85 billion euros.
Under the agreement, Athens has committed to take "irreversible
steps" by October 2015 to privatize grid operator ADMIE unless
an alternative scheme offering equivalent results is presented.
Binding bid dates for Piraeus and Thessaloniki ports must be
announced by the end of October. Greek authorities have also
committed to the sale of the country's regional airports "at the
current terms" with the winning bidder already selected,
according to the MOU.
At the end of last year, Germany's Fraport was named preferred
bidder in a deal to operate 14 regional airports in Greece, but
the transaction has stalled since the left-wing government of
Alexis Tsipras took power in January.
(Reporting by Matthias Sobolewski; Writing by Noah Barkin;
Editing by Madeline Chambers)
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